Call reports 2024
SOUTH ATLANTIC BANK — 2024
What SOUTH ATLANTIC BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 1,666,789,000 | 1,743,571,000 | 1,796,557,000 | 1,784,242,000 |
| Total loans | 1,203,879,000 | 1,221,337,000 | 1,283,514,000 | 1,337,323,000 |
| Allowance for loan losses | 11,038,000 | 11,184,000 | 11,759,000 | 12,251,000 |
| Securities available for sale | 203,088,000 | 203,611,000 | 208,039,000 | 199,841,000 |
| Securities held to maturity | 94,199,000 | 94,081,000 | 93,964,000 | 93,846,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,345,463,000 | 1,417,417,000 | 1,476,911,000 | 1,465,689,000 |
| Interest-bearing deposits | 1,045,292,000 | 1,090,195,000 | 1,139,528,000 | 1,145,585,000 |
| Noninterest-bearing deposits | 300,171,000 | 327,222,000 | 337,383,000 | 320,104,000 |
| Equity capital | 127,156,000 | 130,151,000 | 137,902,000 | 137,613,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 20,132,000 | 41,394,000 | 64,288,000 | 87,471,000 |
| Interest expense | 9,773,000 | 20,303,000 | 31,505,000 | 41,961,000 |
| Net interest income | 10,359,000 | 21,091,000 | 32,783,000 | 45,510,000 |
| Noninterest income | 1,133,000 | 2,530,000 | 4,083,000 | 5,517,000 |
| Noninterest expense | 8,356,000 | 16,974,000 | 25,751,000 | 34,914,000 |
| Provision for loan losses | 175,000 | 325,000 | 900,000 | 1,432,000 |
| Pretax income | 2,961,000 | 6,322,000 | 10,215,000 | 14,681,000 |
| Income tax | 532,000 | 1,184,000 | 2,048,000 | 2,927,000 |
| Net income | 2,429,000 | 5,138,000 | 8,167,000 | 11,754,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 144,894,000 | 147,171,000 | 150,544,000 | 153,929,000 |
| Total capital | 155,932,000 | 158,355,000 | 162,303,000 | 166,180,000 |
| Risk-weighted assets | 1,246,938,000 | 1,274,326,000 | 1,351,350,000 | 1,415,985,000 |